Hyperlocal marketplace Inknibs raises Rs 7.2M in a pre-Seed round

Inknibs, a hyperlocal marketplace specializing in books, stationery, and toys, has raised Rs 72.5 lakh in a pre-seed funding round led by institutional and angel investors, including Amity Technology Incubator, Industrial Finance Corporation of India (IFCI), JSSATE STEP Incubator, and individuals Sakshi Aswal and Arcchit Agarwal.

Connecting customers directly with local vendors 

Founded by Divyanshu Solanki, Prajjwal Sinha, and Apail Kapoor, Inknibs follows hyperlocal approach, connecting customers directly with local vendors. This model ensures a personalized shopping experience, offering a curated selection of books, stationery supplies, and toys tailored to customer preferences.

What is the purpose of fundraising?

The capital raised in this round is earmarked for several key areas. Inknibs plans to enhance its platform's capabilities, streamline its operations, and fortify its position in the competitive e-commerce landscape.

Supporting local businesses 

Inknibs distinguishes itself through its hyperlocal model, which is designed to support local businesses while providing customers with high-quality products. Notably, This fosters community engagement but also ensures quick delivery times. Currently, Inknibs promises a delivery time of 60 minutes in specific areas including Noida, Greater Noida, and Crossing Republic (Ghaziabad).